Definition of Ponzi scheme
Ponzi scheme
Pon·zi·scheme
Definition/Meaning
(noun)
A fraudulent investment scheme that pays returns to existing investors from funds contributed by new investors.
e.g. The authorities shut down the Ponzi scheme that had been operating for years.
Translate this Word
Select a language from the dropdown and click "Translate Now" to see this word in your preferred language.
Similar Words
Comments
